Nigeria’s Gas Exports Plummet 25%
Nigeria’s gas export has seen a significant 25% decline over the past three years due to low production levels and multinational exits. This drop, mirrored in crude oil exports, raises concerns about meeting export commitments and revenue capture. Domestic gas sales, however, showed fluctuations with a rebound in 2023. Experts emphasize the need for infrastructure investment, regulatory reforms, and market diversification to stabilize production and boost revenue in the gas sector.
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